actually your half right, if your incorportaed in nevada (I am) then you do not pay taxes on what the company makes (federal taxes), but if you live in another state (like I do now) you still have to pay business taxes on what the company pays to its employees. Even if you live in nevada you still have to pay the business taxes, the rates just change with the state you live in.
I have a company that does my payroll and payroll taxes for me and make the deposits so I do not have to worry about doing it myself.
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Originally posted by sirrobin
Just hope you dont get audited. You are taxed where you do business not where you are incorporated
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